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Search Results 0 to 49 of about 194 (some duplicates have been removed)
MSNBC
Dec 30, 2012 3:00pm PST
with the deficit in the biggest way. but their only priority is making sure that tax breaks for the wealthiest americans are protected. at some point, i think what's important is that they listen to the american people. >> joining me now, congressman chris von holland of maryland. good evening. it is a good sign that chained cpi is off the table. the senate will be back tomorrow at 11:00. how high is your optimism or pessimism at this moment? >> well, it was a very bad sign when senator mcconnell put this social security change on the table, as part of a small deal, that was obviously something that could have totally thrown a monkey wrench into the process. so the fact that they backed off that is obviously good news. but as senator reid said, there are lots of obstacles still to go. and the fundamental issue remains what the president just said in that clip. both today and for the last year, the number one priority of republicans have been -- has been to use the middle class tax cuts as leverage to try and extract these super big tax breaks for very wealthy individuals, including now their f
FOX News
Dec 30, 2012 9:00pm PST
of an overall deficit reduction package. if folks can't say yes to good offers, then i also have an obligation to the american people to make sure that the entire burden of deficit reduction doesn't fall on seniors who are relying on medicare. >> now, one of the questions in the days ahead will be whether or not this strategy back fired because republican leaders on the hill had their feathers ruffled by the fact that the president seemed to be blaming them. and speaker john boehner saying he should spend more time negotiating, why are you on tv while mitch mcconnell is working with harry reid to troy to get a deal. the president's point was if they do not make any progress on bipartisan talks in the senate since the clock is running out he wants a straight up and down vote on the senate on his fallback level. put it go in the $250,000 a year and extend unemployment benefits for 2 million americans americans americans, dana. >> this is bob beckel. are you done? >> i had a great question, but age before beauty. >> a lot of age and no beauty. >> what? >> ed, truth be known, and we see this fisca
CSPAN
Dec 27, 2012 1:00pm EST
and services among consumers, they are chronically bad at creating a balance between deficit and surplus regions. a geographic problem, and intertemporal. remember -- if that comes first, suddenly the money lender who later becomes a banker who later becomes wall street plays a hugely significant role in this process. the banker is the conduit of that recycling mechanism. when they get an increase in proportion as the result of their mediation of that process. given that, a failure of the banker is not the same thing as the failure of a clothes maker. suddenly, there are two things that must happen. one, society will demand that banks are not allowed to go to the wall. then bankers are affectively given carte blanche, free money for themselves. and the whole mechanism breaks down like in 2008. it is often said in the eurozone, we made a huge error in europe of binding disparate economies by means of common currency. this is not the first time these if things that happened. it happened in the united states of america. you have disparate economies in the united states of america that are
CSPAN
Dec 31, 2012 7:00am EST
to reduce the deficit. one trillion dollars in spending cuts over the next 10 years but these changes would result in more savings in the next 10 years and would solve our deficit problems for a decade. they say their biggest priority is dealing with the deficit. they are behaving and protecting the tax breaks for the wealthiest americans. that seems to be their overriding theme. host: a new development yesterday, the vice president joe biden was called in by mitch mcconnell, who said he needed a dance partner in all of this. guest: if you remember on friday, the president said he was going to turn over the lead to senator reid and senator mcconnell to work out a deal that could pass the senate and that he would sign on to whatever deal that was. senator reid and senator mcconnell were not able to reach that deal. the negotiations between them have turned increasingly bitter and senator mcconnell basically said that he could not work with senator read anymore and reached out to joe biden and ask him to resume the role that he has had in previous negotiations. the arbiter, the deal maker. jo
MSNBC
Dec 30, 2012 5:00am PST
enacted by congress to frighten itself into passing deficit reduction measures which means unless congress acts in the next 48 hours the bush tax cuts will expire along with federal unemployment insurance and a broad package of the spending cuts including defense spending will take effect. do weeks of fruitless negotiations and john boehner and senate leader are working on a deal this morning to avoid the fiscal cliff, or as chris hayes and i call it, the fiscal curve. the deadline is soft. it's not like every american is going to be handed a bill on january 1st and there's way to manage the damage if the country goes over. the senate is set to convene this afternoon with the house to follow tonight. there's a chance that a compromise will be reached, less than 48 hours before tax rates revert to their clinton dasher are levels and board across the board spending cuts talk effect. when the president took to the podium friday afternoon to urge the law enforcements to get their act together with he didn't exactly project confidence. >> this is deja vu all over again. america wonders why it i
MSNBC
Dec 24, 2012 11:00am PST
than what people are getting -- >> on social security. that's nothing to did with the deficit. >> but the fact that all of these things need to believe in the grand bargain, sort to speak -- >> they do not. social security shouldn't even be on the table because it is nothing to do with the deficit. doesn't contribute to the deficit. and we're talking about the deficit. why should social security be discussed in that context? >> completely off the table? >> absolutely. absolutely. and that was the -- and that was our position during the campaign. social security has nothing to do with the deficit. does not contribute to it. walled off from it. its own trust fund with $2.7 trillion in it at the moment. and the american people by huge majorities say we shouldn't be cutting social security or for that matter medicare benefits. you can cut medicare in ways you don't cut benefits and the hypocrisy of republicans that said that democrats are terrible because they took $716 billion from medicare for obama care and what do we want to do? pocket the cuts and add more. our chief demand i
CNBC
Dec 31, 2012 4:00am EST
hasn't been solved, that we haven't seen the deficit reduction that we could have had had the republicans been willing to take the deal that i gave them, if they say that people's taxes have gone up, which means consumer spending is going to be depressed, then, obviously, that's going to have an adverse reaction in the markets. >> what about automatic spending cuts? those take effect january 1st, as well. do they have to be part of this deal? you've got half of those cuts in defense law? >> well, congress agreed they would cut an additional $1.2 trillion in spending. they put a committee together to try to come up with those numbers. they didn't figure out how to do it. so what we now have is a situation where these automatic spending cuts go into place. now, if we have raised some revenue by the wealthy paying a little bit more, that would be sufficient to turn off what is so-called the sequester, these automatic spending cuts, and that also would have a better outcome for our economy long-term. but, you know, so far, at least, congress has not been able to get this stuff
FOX News
Dec 31, 2012 6:00am PST
deficit and debt and then a more recent one that passes an extension of all the bush tax cuts. so the their position right now, at least speaker boehner's is, hey, it is time for the senate to act on some of our bills. we'll keep an eye what is happening there. heather: busy day for them. president obama taking his case to the american public. here is what he had to say about the situation playing out on capitol hill. >> what's been holding us back is the dysfunction here in washington and if, you know, people start to see that on january 1st this problem still hasn't been solved, that we haven't seen the deficit reduction we could have had, the republicans been willing to take the deal i gave them, if they say, that people's taxes have gone up, which means consumer spending is going to be depressed, obviously that will adverse reaction in the markets. heather: there is lot at stake for all americans. three big issues on the financial front this morning as a matter of fact,. stu varney, host of "varney & company" on the fox business network joins us now. stu, no deal on capitol hi
CSPAN
Dec 31, 2012 12:00pm EST
agreement, a bigger deal, a grand bargain or whatever you want to call it, that solves the deficit problems in a balanced and responsible way that does not just deal with taxes but also spending so that we can put all this behind us and focus on growing our economy. with this congress, that was obviously too much to hope for at this time. [laughter] maybe we can do it in stages. we will solve this problem instead in several steps. in 2011, we started reducing the deficit through $1 trillion in spending cuts which have taken place. the agreement being worked on right now would further reduce the deficit by asking the wealthiest 2% of americans to pay higher taxes for the first time in two decades so that would add additional hundreds of billions of dollars to deficit reduction. that is progress but we will need to do more. keep in mind that just last month, republicans in congress of they would not agree to raise tax rates on the wealthiest americans and the agreement being discussed would raise those rates permanently. [applause] keep in mind, we will still have more work to do. we still ha
MSNBC
Dec 31, 2012 4:00am PST
, is this the deal i would have preferred? no. but this compromise does make a serious down payment on the deficit reduction we need. most importantly, it will allow us to avoid default and end the crisis that washington imposed on the rest of america. it ensures also that we will not face this same kind of crisis again in six months or eight months or 12 months. and it will begin to lift the cloud of debt and the cloud of uncertainty that hangs over our economy. >> it's a real disappointment today. i'm sorry that the so-called super committee was not able to do its work because this makes it much more difficult to achieve the deficit reduction targets that must be done. what happens next is there will be $1.2 trillion reduction in spending through what's called sequester. >> under current law on january 1st, 2013, there's going to be a massive fiscal cliff of large spending cuts and tax increases. i hope that congress will look at that and figure out ways to achieve the same long-run fiscal improvement without having it all happen at one date. >> there's still significant distance between the two
CSPAN
Dec 29, 2012 7:00pm EST
a plant to grow the economy and shrink our efforts -- deficit. it is a balanced plan, one that would cut spending in a responsible way and ask the wealthiest americans to pay a little more. i will keep working with anybody serious about getting a comprehensive plan like this done because it is the right thing to do for our economic growth. we are not at the point where in a couple of days, the losses at the americans' tax rates are going up. the americans paycheck will get a lot smaller. that would be the wrong thing to do for our economy. it would hurt middle-class families and it would hurt the businesses that depend on your spending. and congress can prevent it from happening, if they act now. leaders in congress are working on a way to prevent this tax hike on the middle class and i believe we may be able to reach an agreement that can pass both houses in time. but, if an agreement is not reached on time, i will urge the senate to hold an up or down vote on a basic package that protect the middle tax from the income tax hike, extends vital unemployment insurance and lays the groundwo
FOX Business
Dec 31, 2012 1:00pm EST
they are talking about the doctor fix. it will increase the size of the deficit. if you are looking for ways to fix the problem, we have the biggest place to go in terms of cuts. ashley: thank you so much. thank you for joining us. shibani: the city of chicago is number one and parking costs. giving chicago the most expensive parking meters in the country. downtown residents can look forward, starting tomorrow, to paying $6.50 for parking in 2013. up from the current rate of $5.75. back in 2008, former mayor richard daley agreed to release the parking meters to a private company. the city in turn received a billion dollars as part of the agreement. current mayor is investigating the deal, but, in the meantime, all meters will be set to the new rate to the end of february. get your quarters out. bring your dollar bills, i guess. ashley: take the bus. shibani: the midnight deadline is fast approaching. will there be a framework to avoid the fiscal cliff? ashley: up to the minute coverage from washington. guess what, republicans should just walk away now. oh, boy. ♪ [ indistinct shouting ] ♪ [ ind
FOX News
Dec 28, 2012 6:00pm PST
. the president has given the country over $6 trillion in new debt. trillion dollars deficits as far as the eye can see and all he wants to fight for is higher taxes that will fund a mere 8 and a half days of government. frankly nothing but a pathetic disgrace. you the american people deserve a government that lives within its means. you deserve a government that is not obsessed with using your money to accumulate their power. it is time for americans to understand the simple truth of what is going on here. a truth by the way that an abusively biased news media just ignores. joining us now with reaction as america is on the brink republican senators pat toomey and ron johnson. senators, welcome back. >> hi, sean. >> hi, sean. >> sean: let's start with the meeting today. senator toomey, i'm told that the president wassed adamant n the meeting and didn't come off, are the original request was to keep tax rates at the same for the middle class but everybody above $250,000 going up. is that what you heard? >> i haven't heard about specific elements of the conversation, sean, i wasn't in the room.
CNBC
Dec 31, 2012 7:00pm EST
. with $480 billion to decrease the deficit. we had our choice we wouldn't be doing it that way. the government is too big and in effective we could take most of the money by decreasing spending. the 11th hour and there are a lot of people who shouldn't be having tax increases if we don't reach a compromise. so those are two different questions and i'm not about to give up the $1.2 trillion. we haven't cut a penny yet. so, that is not something i'm willing to give up. that is the thing. let start there. your book, your work, your speeches, you have identified hundreds and hundreds of billions of dollars of waste that the government doesn't need and the country doesn't need and it seems to evaporate. and from what i gather, the debate right now is whether to put off the spending cuts, it is always maniana when it come to spending, sir. and you no as well as i do, taxing the successful earners is not going to solve our problem. >> there is one bright side. if this bill happens, 95% of americans are going to have rates locked in. they are going to have some sernl ti for the future
CNBC
Dec 31, 2012 6:00am EST
, now he's mad at howard schultz because he wants to, i don't know, do something with the deficit near term. can we go another five years without having some kind of reckoning in the bond market or somewhere else? >> you know, the european crisis has been quite instructive for my mind in this. but the reality is democracies don't really take tough decisions until they're put under enormous pressure from some external factor, in this case, the stock market. i find myself -- and i still think it today -- that oddly in the events of europe come out of the germans next door with something much more clear about a nurch path of the eurozone, and so people did start to believe the euro is a true global reserve currency to compete with the u.s., that might be the point where the u.s. starts to come under sear use pressure from the markets. of course wrb to some degree, the past -- well, longer, going back to august of last year, the u.s. had this strange benefit that this persisting european crisis is around and sort of global investors can't deal with two huge clem mas at the same time. but i
FOX Business
Dec 27, 2012 6:00pm EST
. gerri: let's talk about entitlement programs and the impact on them. social security will have a deficit this year of $6 billion yet again. can't keep up with social security. what is the longer-term impact of what is going on on these programs? >> we really do need to have a deal on a big problem, which is the national debt larger than the economy, driven by broken entitlement programs. medicare has a huge deficit, $300 billion every year. 10,000 new beneficiaries every day. medicaid deficit finance right now. those are key parts of a safe bet that we'll b will be fallinr their own financial weight unless they are fixed. what we really have to do on behalf of the next generation. gerri: they want to raise the debt ceiling again, as a matter of fact by monday we will be out of dough. it is unconscionable to me we are in this position again. let's remember what happened last time. the market sold off, the economy went into the tank. will that happen all over again? >> i think it is a serious possibilities out like to make that they don't mix the debt ceiling in with the fiscal cliff. we h
CNN
Dec 30, 2012 6:00am PST
half a trillion dollars a year, $5 trillion over ten years worth of deficit. that's because while we grew the -- under bush the taxes revenue went up 25%, and spending went up 100% in the last 12 years. if you put back the revenue from the higher taxes, you still have a deficit. that's what we're trying to change. >> we kind of are where we are, and no one is talking about spending cuts. they're talking about keeps taxes low, which everybody agrees. let me ask a specific question first to the democrats here. if they came out with with a deal that said, all right, we will keep tax rates for those making $400,000 or less, would you vote for na? >> candy, i'm willing to come to the middle. i think we've got to all be willing to come to the middle. >> that's a yes? >> i want to say something else very important, and that is for two years now we have only been focusing on spending cuts. in the last two years we've put in place $1.6 trillion in spending cuts. we have put in place spending reductions under medicare of over 700 billion by cutting overpayments to insurance companies and so on
MSNBC
Dec 31, 2012 9:00am PST
of representatives in the senate. they have to be taken into the -- >> did is it reduce the deficit, which is the whole point of this in the first place, right? >> about $1 billion maybe. >> republicans are essentially arguing against deficit reduction. they're looking for higher thresholds, which curtail deficit reduction. i want to ask you this, because isn't there a philosophical sort of win for the democrats anyway because this will be the first time republicans were enacting a tax increase, you know, since biggie and tupac were alive? septemb isn't that a win? >> yes, that is a win. i think that a lot of this could come down to this paired down democratic plan that could come up on the senate floor. if everything else goes out the window, it's the strictly $250,000 threshold, you know, extend unemployment insurance, and come up with a broader plan and punt everything else. >> does it get to the house? can that get through the house? >> right. >> the house people are telling me, house republicans are telling me, that if the margin in the senate is, like, 70-30, then clearly speaker boe
CNN
Dec 31, 2012 11:00am PST
our deficit problems in a balanced and responsible way that doesn't just deal with the taxes, but deals with the spending in a balanced way, so that we can put all this behind us focusing on growing our economy. but with this congress, that was obviously a little too much to hope for at this time. >> let's turn now to chief white house correspondent jessica yellin. let's talk a little bit about the outlines of the deal, the fact that the president came out to make his case and try to push this thing over the finish line. what does the white house have to do to gain the backing it needs. >> reporter: well, what we heard from the president today just now was really an emphasis that there are a lot of components here for democrats to like because their focus especially is on making sure that -- because i should say democrats really need to come out in force for this to get across the finish line. what you asked is also what is in this measure. tax increase or taxes to -- would go back to the clinton levels for people who make $400,000 a year, or households that make $450,000 a y
CNN
Dec 29, 2012 10:00am PST
the math and we all absolutely agree on the math that you can't get out of the deficit hole we're in by taxing rich people, even if you tax them at 100%. everybody knows that. when republicans say we don't have a tax problem, we have a spending problem, the fact is we've got both and we can deal with that. let me ask you this. you gave your bletszing ing bl proposal that john boehner put forward. so many congressional republicans are scared of voting for something that feels like, looks like, smells like a tax increase because they're worried your organization will come back to haunt them because you signed a pledge. you gave your blessing and they still couldn't get the votes on the floor. what's up with that? why did that not happen? a week ago i was hopeful we might have a deal. >> okay. because the pledge is not to me. it's to the american people. it's to the people of the state that any congressman or senator is from. they have to feel that they can go to their constituents and say i voted against all efforts to raise taxes. i argued having read the boehner plan, it was s
CNN
Dec 30, 2012 1:00pm PST
. it ought to be about reducing the deficit and the debt and what they are essentially suggesting is we want new taxes, we want higher taxes on people in this country to pay for new spending. >> senator, senator mcconnell has spoken a couple times with the vpz. we have seen in the past that the two of them have been able to come up with bipartisan deals to get through congress on taxes and other things. did he give you an indication in the meeting you just had with rank and file republicans that might be an avenue of success? >> there -- those conversations and discussions continue. and we remain hopeful that that will get a breakthrough. on veryiously, what had happened here between the two leaders in the senate had broken down because the senate democrats failed to come forward with a counteroffer to the proposal republicans made last night. so hopefully, the discussions between the vice president and senator mcconnell will get us back on track, hopefully get a breakthrough and something we can vote on, hopefully today or tomorrow that will avert what we believe will be an economic disaste
MSNBC
Dec 27, 2012 9:00am PST
years of the obama administration, on the budget, on deficit, on tax cuts years ago. they came together before christmas. it's hard to see how this works out at this point, to tell you the truth. there is a conference call at 2:30 among house republicans trying to decide what to do. we expect the leadership to let the rank and file know what their plans are. the speaker is not in washington. we understand he is in ohio of his home state. the president has landed here back at the white house in washington. it's unclear exactly where they go from here. essentially what john boehner is saying, you go first, harry reid. harry reid is trying to jam mitch mcconnell into allowing this vote to go forward without the 60-vote threshold, something that's necessary for virtually every vote here in the senate and mitch mcconnell says it's time for president obama to lead. the threshold question is, can something pass the house of representatives? can john boehner put something on the floor that needs the majority of democrat support that will not get republican support and none to speak of that woul
FOX News
Dec 30, 2012 1:00pm PST
that republicans believe it should be about. it ought to be reducing the deficit and debt. >> senator mcconnell has spoken a couple times with the president and two of them have come up bipartisan deals to get through congress. >> those conversations and discussions continue. we remain hopeful that that will have a breakthrough. obviously what happened between the two leaders in the senate have broken down because the senate democrats fail to come forward with a counteroffer to the proposal that republicans made last night. hopefully the discussions between senators and mcconnell will be something we can vote on today or tomorrow that would add veteran what we believe would be an economic disaster. >> will you take a scaled down version, raising taxes on everybody, do you think your republican colleagues that enough republicans will opt over on the democratic side if needed? >> it's hard to say until we know exactly what might be in it. this is what i would say about it. if that is where we ends up. if we decides to move a bill on the floor and extension and put it on vehicle for that, he ought to
MSNBC
Dec 30, 2012 9:00am PST
't seen the deficit reduction that we could have had, the republicans willing to take a deal that i give them. if they say that people's taxes have gone up, which means consumer spending is depressed, then it's going to have an adverse reaction in the markets. >> there was much more to what the president had to say. listen to what he had to say on deficits and spending. >> you are not only going to cut your way to prosperity. one of the fallacies, i think, that has been promoted is this notion that deficit reduction is only a matter of cutting programs that are really important to seniors, students and so forth. that has to be part of the mix. but, what i ran on and what the american people elected me to do is put forward a balances approached. >> i want you to listen to something else. the president spoke about the tragedy in newtown, connecticut. he described it in a way he's not quite done so publicly before. listen to this. >> this is something that, you know, that was the worst day of my presidency. it's not something that i want to see repeated. >> it hit close to home? >> absolute
CSPAN
Dec 30, 2012 2:00pm EST
to the deficit, i just want to make sure that that money goes to the deficit in reality. it seems to me that that number comes up and is a political situation and what congress is really saying is that i am going to pander to the 98% because if i go to 125%, i will upset more of the electorate. i was listening to david brooks this morning and his comments that the real dysfunctional people are not necessarily congress, but the american people who are prepared to pass these deficits on to our grandchildren. >> have you looked at how any tax increases might affect you? had you planned for that at all? caller: i am comfortable enough, i am planned -- and i plan to give more. i would hope that most people in my financial situation would be prepared to do that. >> the democratic line is next, california. donna, hello. caller: i would like to state -- i think that one of our biggest problems is that the republican party has sold us out to grovers inquest. i think that everyone who took that pledge should be fired from the congress. they took an oath of office first. they have given away the o
CSPAN
Dec 30, 2012 6:30pm EST
to be reducing the deficit and debt. they say they want higher taxes on people in this country to pay for new spending. >> you have spoken a few times with the prize -- the vice president and it seems they have been able to come up with bipartisan deals. did he give you an indication that you just had with fellow republicans that it may be an avenue of success? >> there were conversations and discussions between us and we remain hopeful that it will be a breakthrough. obviously, what happened here between the two leaders in the senate had broken down because they had come forward with a counter offer to what republicans said last night. hopefully the discussions between the vice-president and senator mcconnell will get us back on track and we will have a breakthrough and something we can vote on today or tomorrow to avert what we all believe would be an economic disaster. >> harry reid is as if you cannot come up with something by tonight that he will push a scaled-down version of what the president asked for, the tax cuts on everyone making above $250,000. you say knowing your colleagues tha
FOX News
Dec 31, 2012 3:00pm PST
. >> if we are going to be serious about the deficit and debt reduction, then it's going to have to be a matter of shared sacrifice. at least as long as i'm president. i am going to be president for the next four years. >> president obama said a deal is in sight and appeared at a campaign style event to remind everyone he is winning and g.o.p. is not. >> last month, republicans in congress said they would never agree to raise tax rates on the wealthiest americans. the agreement currently discussed would raise those rates, raise them permanently. >> republicans suggest the event may backfire to accuse the republican of rubbing their nose in defeat. >> the president won. we know that. he won fair and square. isn't it now time to govern? >> the president was out of line with his comments at 1:30 afternoon. this is a delegate time. i think the democrats would be embased after what the president did. >> after months of the president promising a balanced approach there are only tax hikes for rich without new spending cuts. today he hinted at more tax hikes ahead. warning republicans th
MSNBC
Dec 30, 2012 12:00pm PST
they would like to see something that addresses the long-term deficit. whether that can happen in this deal seems to be the problem. democrats have said if they can get something bigger they would be open to changes in entitlements. that is where things stand. there is clearly even handed on both sides saying they want to get things done. you know the clock is running and those signs make everyone think this may not resolve itself tonight. >> thank you very much. >>> let's go to the white house and kristen welker. hi there. >> reporter: hi, there. the white house is not commenting on these developments. senior administration officials say the action is going on on the hill right now. they are hesitant to weigh in. they don't want to disrupt any progress or setbacks that may be in the process of being resolved. so that is what the white house is saying publicly. i can tell you that behind the scenes it is a very busy day here at the white house. staffers have been on the phone with their counter parts on the hill. president obama also on the phone as you heard report he has spoken a number o
FOX News
Dec 30, 2012 6:00pm PST
on deficit reduction and entitlement program. >> this isn't rocket science. politicians have to agree on a mix of tax increases and spending cuts. instead it seems more a game of hide and seek, a gotcha game about who is going to get blamed in the end. what is already agreed to is federal employees will get a half point to one percent pay raise this year. it is no wonder congressional approval ratings is at 18 percent. the performance by the people re-elected is a complete and utter disaster. instead of their getting a raise, we should get our money back. joining us now with the latest on the negotiations is chief congressional correspondent mike emanuel. >> the talks have shifted from the top two senators negotiating to senate republican leader mitch mcconnell trying to strike a deal with joe abide den. the senate majority leader left the capital shortly after making this comment about republicans trying to change the way inflation is measured on entitlement. >> i was really gratified to hear republicans taking their demand for social security benefit cuts off the table. truth is the
CSPAN
Dec 30, 2012 10:30am EST
the deficit $23 billion. the last farm bill we passed that was completely paid for at my insistence as budget committee chairman. everybody else was functioning we faced up to reality. secto in this farm bill, even far more in the way of deficit reduction. it demonstrates this is possible to do. but you have got to have leadership. and you've got to have people who are willing to make some tough decisions to get it done. >> we have about five minutes. i want to talk a little more personal. you have decided to leave your papers of public service to george washington university. why is that? >> i got my master's in business there. they have tremendous resources there to take advantage of this collection, which is loaded with history. >> what kind of things will researchers and historians find? >> the will find that tim conrad has had a single-minded focus on fiscal responsibility for 26 years. [laughter] my staff says that a remarkable thing in looking at this collection is how consistent i have been but pay attention to fiscal responsibility and making sure that certain things add up. they say
CSPAN
Dec 28, 2012 7:00am EST
have a $16 trillion deficit right now. we have the deficit because of social security, medicaid, medicare, welfare, food stamps -- all policies put into effect by the democratic party. everything is socialism. thomas jefferson said it best -- the republic is doomed. people sacrifice -- i'm a libertarian. i am more objective. i'm not a republican or democrats. i have to wonder if i want to live in this country. 29% of americans got some kind of assistance when ronald reagan was president. i have to consider and i'm considering moving to a tropical island and watching america go down the drain. we need to abolish social security, medicare, and medicaid. host: i will stop you there. we appreciate your thoughts. joseph says -- will go back to stay but by the president on the passing of norman schwarzkopf. host: "his legacy will e ndure." back to your calls. caller: good morning. god bless us. [indiscernible] where is the love? .e're at a church when the president and everybody was running. the church was all over the program. we're in the church. do you know what happened? when we f
FOX Business
Dec 31, 2012 9:20am EST
that it's not as if we didn't see this coming. nobody is blaming the deficit reduction supercommittee and the fact of their failure to have a bipartisan agreement is really what triggered this fiscal cliff in the the first place. stuart: is it a failure of president obama to lead? i mean, else's the president of the united states of america. we are facing a fiscal crisis right now, an economic crisis, for heaven's sake. shouldn't we expect the president to go a long way towards dealing with this and leading us out of it? and i don't see it, frankly. >> i don't either. and i think his view, honest he isly, he just won an election and so he calls the shots and republicans should just follow along, even though republicans kept their majority in the house and there's a great deal of the country that does not support the way that obama would like to deal with this problem. stuart: look how it's been presented in the establishment media. president obama cutting short his holiday vacation, returning to washington trying to fix the fiscal mess. thank you very much, mr. president. mr. boehner,
MSNBC
Dec 31, 2012 5:00am PST
that taxes on the wealthiest americans should go up a little bit as part of an overall deficit reduction package. the offers that i've made to them have been so fair that a lot of democrats are getting mad at me. i mean, i offered to make some significant changes to our entitlement programs in order to reduce the deficit. they say that their biggest priority is making sure that we deal with the deficit in a serious way, but the way they're behaving is that their only priority is making sure that tax breaks for the wealthiest americans are protected. >> fiscal cliff negotiations are now down to the wire with a midnight deadline just hours away. that's tonight, new year's eve. at stake, the prospect of sweeping tax hikes and across-the-board spending cuts if a deal is not reached. and all indications are it's not looking good. here's the latest. the senate is scheduled to reconvene at 11:00 this morning. any deal today would have to be rushed through both chambers of congress before midnight. as talks in the senate stalled yesterday, minority leader mitch mcconnell reached out to someone h
CSPAN
Dec 31, 2012 12:30am EST
that republicans believe this debate ought to be about. a dog to be reducing the deficit and debt. they say they want higher taxes on people in this country to pay for new spending. >> you have spoken a few times with the prize -- the vice president and it seems they have been able to come up with bipartisan deals. did he give you an indication that you just had with fellow republicans that it may be an avenue of success? >> there were conversations and discussions between us and we remain hopeful that it will be a breakthrough. obviously, what happened here between the two leaders in the senate had broken down because they had come forward with a counter offer to what republicans said last night. hopefully the discussions between the vice-president and senator mcconnell will get us back on track and we will have a breakthrough and something we can vote on today or tomorrow to avert what we all believe would be an economic disaster. >> harry reid is as if you cannot come up with something by tonight that he will push a scaled-down version of what the president asked for, the tax cuts on eve
MSNBC
Dec 28, 2012 11:00am PST
. and really, is not interested in a balanced approach to deficit reduction. it's been pretty clear that that's the story we have been telling and it happens to be the truth. >> i understand that two of colleagues proposed cuts to medicare for a hike in the debt ceiling. what do you make of that offer? >> i think one of the things that people don't realize is that it's a dirty little secret. the republicans don't want to cut the things that americans want cut. and they want to cut things that americans don't want cut. poll after poll shown americans do not want deficit reduction done by cutting medicare and medicare and social security. so they propose and saw the same scenario when paul ryan put the budget out and because the american people rejected the kind of draconian cuts that the republicans want to make so, you know, that's a nonstarter in the senate. i think it's a nonstarter with the president. sure can pass the house but going nowhere past that. >> the smaller offer we hear that the president is making at 3:00, to congressional leadership, what kind of offer would you like to see t
CNN
Dec 31, 2012 9:00am PST
. you know, he wants to compromise. again, we've got to close this deficit, and it's done not just by cutting but by putting revenues on the table and asking the wealthiest, which the president is good at saying ask the wealthiest to pay more than their fair share. >> i know there's another issue dear to your heart we want to discuss as well. last week the russian president putin banned all u.s. aadoptions, very much a vindictive measure for something the u.s. had done as well looking to punish those human rights violators from russia. you have been very vocal about this. you have two adopted children yourself. i understand that you've written a letter to president putin to try to get him to change his mind. is there anything that can be done to the nearly 50 pending adoption cases now where american parents have already met what they believe were their russian children? >> i hope so, suzanne. as ayou know, frank and i have two beautiful children aadopted domestically, but there are over 100,000 adoptions in america every year mostly by americans for american children. we have adop
KRON
Dec 30, 2012 8:00pm PST
spending, the government will continue to get bigger and the deficit will continue to get bigger." >> reporter: following the president's interview, speaker of the house john boehner issued a statement saying in part: "republicans made every effort to reach the 'balanced' deficit agreement that the president promised the american people.we've been reasonable and responsible. the president is the one who has never been able to get to 'yes.'" >>> "what i ran on, and what the american people elected me to do, was to put forth a balanced approach." >> reporter: despite the on- going blame game, there is consensus on one thing: time is running out. i'm elizabeth corridan reporting. r as the fiscal cliff deadline ticks down -- you might wonder we got into the situation in the first place. tonight at 8-30 -- an in depth look on that. >>> the 49ers --- nfc west champions for a second year in a row. they beat the arizona cardinals 27 - 13, in their final game of the regular season. the niners now looking ahead to the playoffs -- and thanks to a loss by green bay -- the team is getting a f
CSPAN
Dec 29, 2012 7:00am EST
of these politicians, mayors, governors should take a half cut pay to pay down the deficit. host: we are going to move on to darwin on the line for independents. caller: it is like the pentelikon, back in 1968 i was even fighting with the pentagon over budgets. you always had to have everything kept the same. nobody was going to change anything because next year there were going to pop everything by 10%. they told you got to worry because you would get 10% more. that goes all the way back to 1968. they just keep dwelling on one thing over and over again. i would like to know from the boston globe or the herald is asking for pictures of -- host: let's move on to del on the line for democrats. caller: this is an outrage that they cannot tax the wealthy by an additional 4%. this is the lowest tax rates that have ever paid in the united states. considering that their incomes are vast compared to what they used to be many years ago when they paid a much higher rate, they are wealthy and they do not want to pay. 4% does not amount to enough to affect the deficit. maybe we ought to consider 15% or something
FOX News
Dec 31, 2012 8:00am PST
is this because supposed to be a down payment on deficit reduction, and when you think about the things that could be in this bill, whether it's increasing rates for doctors in medicare, as well as possibly delaying the defense sequester, this bill could actually cost money and increase the deficit especially when you're talking about the tax rates. because remember cbo assumes that the tax rates are actually going to go back to clinton rates. so that is going to be a cost there. and that will be a problem in the house if this score comes back as blowing a hole in the deficit that will be a problem getting the votes even if they get a tkaoefrpblgts you're no deal. >> reporter: you're not confident at all that the money they get will be used to pay don't debt. >> i think some of it will. when you think about all the things that could be in this bill there are some pricey price tags here that are going to increase this bill and basically that is going to be a problem when house conservatives hear that this is actually going to increase the deficit. there will also be a problem for the credit rating
CNBC
Dec 31, 2012 9:00am EST
there will be a deal, even if one that doesn't solve all of our long-term debt and deficit problems. here's bob corker. >> i do think there's going to be a resolve to this. the problem is, you know, we created this fiscal cliff to make some tough decisions. and none are going to be made. not one. >> so the question is going to be then, do the tough decisions on spending get made in january and february, running up to the debt limit. we'll see how that goes. we'll see if it actually gets done today. you hear positive things from talk, but you can't trust anything until reid and mcconnell come out on the senate floor and say they have a deal. and then boehner puts it on the house floor. >> it's interesting now, that mcconnell has reached out to the vice president and is doing a deal, specifically that way, rather than involving it would appear at this stage the democrats in the senate. are they now more fractious in actually passing a deal potentially from the gop in the house? >> no. i think it is just dynamics of late-stage negotiations that when you get to the really hard parts, you've got to go high
CSPAN
Dec 27, 2012 7:00am EST
the difference between the annual deficit and the national debt. the national debt is the fiscal cliff. we say it's unsustainable. from a mathematical standpoint, it is almost insurmountable. the only thing these taxes will do, i have graduate students who could not put into words what a trillion dollars was. host: go ahead and finish your thought on what these taxes will do. caller: what they will do is they will give the politicians a little leeway to fool around with the national deficit, the annual deficit, but they will not put a dent in the $16 trillion debt that we owe. that is the problem. host: we appreciate that call. over the past couple weeks, c- span has been conducting interviews with some of the retiring members. we have been showing those interviewed this week. tonight, one of the retiring members we spoke with is representative lynn woolsey, a democrat of california, served about 20 years. here's a portion of that interview. [video clip] >> i was on welfare because my children, ages 1, 3, and five years old, their father was diagnosed manic depressive, he would not do anything ab
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